Annual decline masks sharp year-end rise for CSSC and peers following fall reprieve

20260318N CSSC LNG carrier

A China State Shipbuilding group company delivered its 60th liquefied natural gas tanker, the Tianshan, in January. (China State Shipbuilding)

KOHEI FUJIMURA and SHOKO KUGAI

DALIAN, China/TOKYO — China’s shipbuilding industry is enjoying a rebound in orders, with a growing presence in high-value-added vessels such as liquefied natural gas tankers, after the threat of U.S. port fees made for a tumultuous 2025.